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Dec 3, 2012
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other potential hospital stocks out there that have also potentially been involved in this kind of medicare fraud? >> you know, the allegation was about a year-and-a-half ago that community had some issues in its emergency rooms as well. that was made by tenet. there was an awful lot of talk about that with observation rates and -- >> it was also to stave off a deal they were trying to fight a takeover. >> that was controversial. in my analysis when i looked at the other hospital companies, i excluded community from some of the analysis. none of the other hospital companies were nearly as problematic as consistently. 64% of markets with low observation rates. 53% of markets with high short stay rates. this is the holy grail. as you said earlier, this is the holy grail of the way you want to do the analysis. >> cheryl, thank you. we should also mention the hma senior vice president allen levine told "60 minutes" the allegations were "absolutely wrong." of course this is just the start of an ongoing story. thank you. >>> time for some hopium. a strong november for auto sales nearly every manu
other potential hospital stocks out there that have also potentially been involved in this kind of medicare fraud? >> you know, the allegation was about a year-and-a-half ago that community had some issues in its emergency rooms as well. that was made by tenet. there was an awful lot of talk about that with observation rates and -- >> it was also to stave off a deal they were trying to fight a takeover. >> that was controversial. in my analysis when i looked at the other...
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Dec 7, 2012
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i'm sympathetic with seniors on medicare. i'm certainly sympathetic with the 100,000 kids who are going to lose their head start. we have got to do something about the deficit in this country. you cannot take the position that, well, pi industry needs to be exempted from this. or the defense will suffer. everything will suffer. we will make do. we're a great country, but the biggest danger to this country is not cuts to the defense department. the biggest danger going forward is a deficit that's going to approach 80% or 90% of gdp. >> if i could respond, nobody is saying that there's any one special interest that can't participate. what we're saying is it would be not the right approach to just take this one slash, giant additional defense cut. this has to be across the board. it's got to be a balanced budget. it's got to be addressing all sorts of issues. there's got to be spending cuts across the board as well as the raising of revenue. the real concern is not reaching a decision and just letting this take place without any
i'm sympathetic with seniors on medicare. i'm certainly sympathetic with the 100,000 kids who are going to lose their head start. we have got to do something about the deficit in this country. you cannot take the position that, well, pi industry needs to be exempted from this. or the defense will suffer. everything will suffer. we will make do. we're a great country, but the biggest danger to this country is not cuts to the defense department. the biggest danger going forward is a deficit...
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Dec 7, 2012
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higher medicare spending, higher retirement spending, and especially something we have to get used to and we're going to have to bump up the share of the economy, that is, from the government because that's the way we're going to have to live if we want to take care of the elderly. mark, is that a reality? does that mean higher -- i'm sorry, lower long-term growth rates for the economy? >> well, yeah. i mean, two things. one is it's right that because of the aging of the population, all else being equal, government spending as a share of gdp will rise because as definition the elderly will be using medicare and social security. but that's not the biggest part of the increase in what's going on in medicare and medicaid and social security. it's really the growth in health care costs. so, if we can control that and bring that rate down, then we'll be fine. we'll be okay. but you're right about the economy. the broader economy. because in the aging of the population, and people retiring, the rate of growth in the labor force is going to slow. it already is slowing and the underlying grow
higher medicare spending, higher retirement spending, and especially something we have to get used to and we're going to have to bump up the share of the economy, that is, from the government because that's the way we're going to have to live if we want to take care of the elderly. mark, is that a reality? does that mean higher -- i'm sorry, lower long-term growth rates for the economy? >> well, yeah. i mean, two things. one is it's right that because of the aging of the population, all...
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Dec 5, 2012
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do you know that medicare and medicaid didn't exist 50 years ago and they're now a quarter of the federal budget? >> i know. it was supposed to be supplemental. david walker was on the other day talking about obama care which is supposed to save us a trillion dollars and the actual cost, what it added the our entitlement is 12 trillion. just that we did in the last two years. or whenever it was. >> but in terms of where we are now in this negotiation, i believe that both sides in the final analysis want a deal and the compromise is in the revenue side for the president and potentially rates which i think he's serious on and real entitlement reform for the republicans and the american people, markets, business, confidence, the able to move forward in 2013 is all a function of doing both of the things you talk about, joe. having an agreement to avoid the debt, the fiscal cliff, and then having a down payment on actually getting the $4 trillion identified. >> howard dean is a deficit hawk. liberal, but he is a deficit hawk. he doesn't say maybe if we can't get a deal together, maybe we'd be
do you know that medicare and medicaid didn't exist 50 years ago and they're now a quarter of the federal budget? >> i know. it was supposed to be supplemental. david walker was on the other day talking about obama care which is supposed to save us a trillion dollars and the actual cost, what it added the our entitlement is 12 trillion. just that we did in the last two years. or whenever it was. >> but in terms of where we are now in this negotiation, i believe that both sides in...
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Dec 3, 2012
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or you have dick durbin come out one day saying he wants hands off social security and medicare in the frame work. that's where people see the breakdown in compromise. >> i think about durbin who has taken more arrows than anyone as someone who has hung with simpson-bowles and gang of six and say entitlements have to be part of this mix. what i think we do need to put in place and one of the things that our plan did that simpson-bowles and others did was if you walk in a top line number, you can't unwind that in the dark of the night. any ability to break a budget cap would require a stand alone vote. a two-thirds majority in the senate. this would be unprecedented in terms of trying to put discipline back into budgeting which we have lacked from both sides. >> you think the gang of six or gang of eight to the extent we get tax reform next year will play an important role in that and will we default back to simpson-bowles with corporate tax rates going down? >> i believe and hope tax rates will go down. they all went down based upon a top rated 39%. we can get it done. the challenge, i
or you have dick durbin come out one day saying he wants hands off social security and medicare in the frame work. that's where people see the breakdown in compromise. >> i think about durbin who has taken more arrows than anyone as someone who has hung with simpson-bowles and gang of six and say entitlements have to be part of this mix. what i think we do need to put in place and one of the things that our plan did that simpson-bowles and others did was if you walk in a top line number,...